Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If buying a condo, you still have to pay monthly HOA and annual real estate taxes. Yet, you can just buy a grave site paid-in-full for 'eternity.' Grave yards have to maintain the property with employees. Seems like they would need to charge the deceased's descendants monthly rent.
If buying a condo, you still have to pay monthly HOA and annual real estate taxes. Yet, you can just buy a grave site paid-in-full for 'eternity.' Grave yards have to maintain the property with employees. Seems like they would need to charge the deceased's descendants monthly rent.
The way I understand it. The money you paid for the site is invested to create income to maintain the plot. You don't actually own the plot.
If buying a condo, you still have to pay monthly HOA and annual real estate taxes. Yet, you can just buy a grave site paid-in-full for 'eternity.' Grave yards have to maintain the property with employees. Seems like they would need to charge the deceased's descendants monthly rent.
It seems like if this would happen no one would be buried and who is going to pay for the deceased monthly rent when they died 100 years ago?
That is an awful lot to expect the family to continue to pay for numerous grave rentals for hundreds of years.
There would be no more genealogy because no one would claim anyone.
I think that cemeteries don't last forever - it is not someone's final resting place because in one hundred years or so, some developer will work with the city to get rid of the cemetery. They will "move" all the bodies to some place else, and maybe not even do it correctly - they could just lump all the remains together in a common grave somewhere because they don't want to be bothered by IDing everyone and who's to know? All the relatives and friends of the deceased are long gone (no one to notify either), too unless they have great-great grandchildren visiting, but that's probably a rare thing.
A burial plot costing $2,000 seems like a steal. Some cost much less. This seems too good to be true for land real estate. Do grave yards get charged property taxes?
Or: charge a much higher burial plot fee, like $40,000, and deposit it into a basic savings account with the interest going toward the upkeep of the property.
When you buy a plot, you are buying what finance professionals call a perpetual-care obligation (PCO). Some of the money goes into an investment fund, that is managed like a pension fund or university endowment, that goes to pay the cemetery's expenses, presumably forever. It is hard to collect maintenance fees from dead people so they do the financial equivalent of charging for it all in advance.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,551 posts, read 81,085,957 times
Reputation: 57734
One way or another they get their money. We recently lost a family member at age 95, whose family has owned a plot in Oakland, CA since 1895. We sent her remains (cremated) to be buried, and they charged over $3,000 to dig the hole.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
